Can China eliminate copyright infringement in its NFT sector? 1

China has issued an announcement that the authorities in the country will now go after NFT producers with unauthorized works. This comes after the authorities discovered that most traders illegally host and sell other people’s work as their own. With the new update, traders who host and sell other people’s work without prior approval will be arrested and sanctioned. The government is also looking to combat copyright infringement in the NFT sector and other sectors in the country.

NCAC joins forces with three other agencies

According to an earlier update, the National Copyright Administration of the country has teamed up with other ministries to combat copyright infringement across all social platforms. One of the ways they have combated these illegalities is to ensure close monitoring of all platforms and seek out any material that looks like an infringement.

Other parties that cooperate with the administration on this are, among other things, the Government’s Internet Information Office and the Ministry of Business, Industry and Technology. The statement also noted that the monitoring will not only be on products uploaded to the internet, as they will monitor all advertisements, video broadcasts and information on all trading websites.

China plans to curb copyright infringement

The NCAC announced that the increasing frequency of illegal uploads of people’s work had become something of great concern to the creatives in the country. The body noted that most of those found would have been devices with innovative technologies in the grip. This is why the agency wants to focus more on infringement issues across the NFT sector in China. The body has positioned that it will look to monitor the rate at which traders upload art belonging to other people as their own. This way, fewer people will be willing to risk selling pirated products like NFTs across the market.

The body wants to limit copyright infringement by introducing several laws that will come into force across China. With this, there will be fines or prison sentences for anyone who breaks these rules and regulations. China has still not made its stance on NFTs known, as it has encouraged platforms to call the digital collectibles instead of the usual non-fungible tokens. To reinforce this point, there were reports of account holders on WeChat associated with NFTs being kicked out of the platform.